PLUG Breakout Long IdeaDay Trade. May not happen tomorrow, but will be on watch for a break over 19 and a push to 20-21. I'm placing my stop at 18.50 Hoping this happens before earnings.
PLUG trade ideas
$PLUG Plug Power $22.00 Target
potential entry on next breakout above $19.30
Target level $22.00
Take care as earnings approach, got to decide do you want to hold it.
Position initiated - PT $24Found support on the daily trend line. $13.70 was defended strongly by the bulls.
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see.
The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement.
Bull Cases
1) Our indicator is showing a trend change with velocity
2) We are in a zone the MAD has historically considered oversold and has reversed from
3) We have made a higher low while managing to appear steeply oversold on the MAD
4) Possible positive response from president
Bear Cases:
1) We established a megaphone pattern which concerns me.
2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend.
3) We don't have a lot of support beneath us.
4) Possible negative response from president
I'll let you make the decision which case looks stronger to you.
NASDAQ:PLUG
Indicator: Moving Average Delta Indicator by KIVANC fr3762
MY BREAKDOWN OF $PLUG Looking for a continuation into earnings. I am expecting PLUG to beat earnings and that be a catalyst for new ATH
$PLUG Power Bullish Trendline Breakout
Very Bullish trend break today in PLUG, which seen it break above the
200ma on monthly chart.
targets to consider.
$16.10 - 20MA
$17.00 - Fibonacci Golden pocket
$19.00 - All Time High
Indicators all in bullish reversals.
PLUG Setting UpPLUG is showing some relative strength today and seems to be putting in a bottom at previous resistance. Good look and easy to manage risk - but just watching for now
$PLUG Power Breakout Trade setup
Potential entry on breakout from downtrend above $14.80
Target zone $16.16
PLUG ConsolidationPLUG has been in a consolidation pattern for the last week. Watch for a breakout out of the wedge to previous structure. Renewable energy stocks have been on a tear pricing in a Biden presidential win and new green energy policies. If Trump wins re-election, PLUG and other renewable energy company's outlook will be bearish.
For anyone afraid to get inMoving average indicators, volume and MACD looks good so far.
Looks to me like right now is a good time to buy, with a little caution of course. If this goes red then might need to revisit.
Price Target EOY is $20
Price Target NOV 2021 $50 if this picks up wind with clean energy demand.
Nice Swing TradeGreat Company, sustantial upside potential..good projected growth, growing sector.
Enter trade above 15.56. Take profit, 2, 3.
Enjoy!
PLUG 10/29Gap has been filled in the $14 area, We can see a strong push towards ATH moving towards earnings.
Daily downtrend back to long trend support line around $13.50Lots of insider selling, probably needs more dilution for R&D and growth. Short-term very bearish, long term bullish.
$Plug maybe be on a short trend to 12-13Considering the market, fundamentals and technicals I have reason to believe plug is on a downward trend until a bottom is found.
